Subic Bay Metropolitan Authority
Encyclopedia
The Subic Bay Freeport
(SBF) or what was the former US Naval facility in Subic Bay
into a self-sustaining tourism, industrial, commercial, financial, and investment center to generate employment opportunities .
and inserted as an amendment during the bicameral committee hearings. Pursuant to such, Gordon, then the mayor of Olongapo, became the first SBMA chairman.
Mayor Gordon with 8,000 volunteers took over the facility to preserve and protect US$8 billion worth of property and facilities from looting when the last U.S. Navy
helicopter carrier sailed out of Subic Bay on November 24, 1992 and started the military base conversion into a freeport like Hong Kong
and Singapore
. During its fourth anniversary on November 24, 1996, Subic Bay hosted the leaders of 18 economies during the 4th APEC Leaders' Summit who were all impressed with the emerging investment haven with companies like FedEx Express, Enron
, Coastal Petroleum now El Paso Corporation, Taiwan computer giant Acer, and France telecoms company Thomson SA
.
Richard Gordon was SBMA chairman until June 1998 when newly elected president, Joseph Estrada
, issued Administrative Order No. 1 replacing him with a political ally, former Bataan Representative and Harvard-trained Felicito C. Payumo
. In 2004, Payumo was replaced by Francisco Licuanan as Chairman and Alfredo C. Antonio as Administrator. In 2006, President Gloria Macapagal Arroyo appointed Commodore Feliciano G. Salonga as Chairman/Head of Agency, and Armand Arreza
as Administrator/CEO of the SBMA. Exports had averaged a billion dollars since 1997, jobs generated reached more than 60,000 which was twice the highest number of jobs available when Subic Bay was still a US naval base.. In June 2006, Hanjin Shipping
opened over the weekend a P40-million modern training center in the Subic Bay Freeport. Hanjin's facility in Subic covers 349 hectares with total investments of US$1 billion. The project expects to generate at least 15,000 new jobs in Subic.
Subic Bay Freeport Zone
Subic Bay Freeport Zone , which is known simply as Subic Bay, is the Philippines' first success case of a into a tax- and duty-free zone similar to Hong Kong and Singapore, operated and managed by the Subic Bay Metropolitan Authority or SBMA. It covers the fenced area of the former U.S...
(SBF) or what was the former US Naval facility in Subic Bay
Subic Bay
Subic Bay is a bay forming part of Luzon Sea on the west coast of the island of Luzon in Zambales, Philippines, about 100 kilometers northwest of Manila Bay. Its shores were formerly the site of a major United States Navy facility named U.S...
into a self-sustaining tourism, industrial, commercial, financial, and investment center to generate employment opportunities .
History
On March 13, 1992, Philippine Congress passed Republic Act 7227 known as the Bases Conversion and Development Act of 1992, creating the Subic Bay Freeport in anticipation of the pullout of the US naval base facilities. Section 13 of RA 7227 created the Subic Bay Metropolitan Authority (SBMA) and freeport incentives that was lobbied for by Richard GordonRichard Gordon (politician)
Richard "Dick" Juico Gordon is a Filipino politician and broadcaster who currently serves as the chairman of the Philippine National Red Cross....
and inserted as an amendment during the bicameral committee hearings. Pursuant to such, Gordon, then the mayor of Olongapo, became the first SBMA chairman.
Mayor Gordon with 8,000 volunteers took over the facility to preserve and protect US$8 billion worth of property and facilities from looting when the last U.S. Navy
United States Navy
The United States Navy is the naval warfare service branch of the United States Armed Forces and one of the seven uniformed services of the United States. The U.S. Navy is the largest in the world; its battle fleet tonnage is greater than that of the next 13 largest navies combined. The U.S...
helicopter carrier sailed out of Subic Bay on November 24, 1992 and started the military base conversion into a freeport like Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. During its fourth anniversary on November 24, 1996, Subic Bay hosted the leaders of 18 economies during the 4th APEC Leaders' Summit who were all impressed with the emerging investment haven with companies like FedEx Express, Enron
Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 22,000 staff and was one of the world's leading electricity, natural gas, communications, and pulp and paper companies, with...
, Coastal Petroleum now El Paso Corporation, Taiwan computer giant Acer, and France telecoms company Thomson SA
Thomson SA
Technicolor SA , formerly Thomson SA and Thomson Multimedia, is a French international provider of solutions for the creation, management, post-production, delivery and access of video, for the Communication, Media and Entertainment industries. Technicolor’s headquarters are located in Issy les...
.
Richard Gordon was SBMA chairman until June 1998 when newly elected president, Joseph Estrada
Joseph Estrada
Joseph "Erap" Ejercito Estrada was the 13th President of the Philippines, serving from 1998 until 2001. Estrada was the first person in the Post-EDSA era to be elected both to the presidency and vice-presidency.Estrada gained popularity as a film actor, playing the lead role in over 100 films in...
, issued Administrative Order No. 1 replacing him with a political ally, former Bataan Representative and Harvard-trained Felicito C. Payumo
Felicito Payumo
Felicito Payumo is a Philippine businessman and politician. He represented the First District of Bataan in the House of Representatives of the Philippines from 1985 to 1998, and served as chairman of the Subic Bay Metropolitan Authority from 1998 to 2004....
. In 2004, Payumo was replaced by Francisco Licuanan as Chairman and Alfredo C. Antonio as Administrator. In 2006, President Gloria Macapagal Arroyo appointed Commodore Feliciano G. Salonga as Chairman/Head of Agency, and Armand Arreza
Armand Arreza
Armand dela Cruz Arreza was the 4th Administrator & Chief Executive Officer of the Subic Bay Metropolitan Authority . As of present, he was the youngest official to hold the title of Administrator.-Biography and career:...
as Administrator/CEO of the SBMA. Exports had averaged a billion dollars since 1997, jobs generated reached more than 60,000 which was twice the highest number of jobs available when Subic Bay was still a US naval base.. In June 2006, Hanjin Shipping
Hanjin Shipping
Hanjin Shipping, Global Shipping & Logistics CompanyHanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 60 liner and tramper services around the globe transporting over 100 million tons of cargo annually...
opened over the weekend a P40-million modern training center in the Subic Bay Freeport. Hanjin's facility in Subic covers 349 hectares with total investments of US$1 billion. The project expects to generate at least 15,000 new jobs in Subic.
See also
- Port of SubicPort of SubicThe Port of Subic, Subic, Zambales, Philippines, is located in the vicinity of Subic Bay, One of the Philippines Finest harbours and most strategically based...
- Subic Bay Freeport ZoneSubic Bay Freeport ZoneSubic Bay Freeport Zone , which is known simply as Subic Bay, is the Philippines' first success case of a into a tax- and duty-free zone similar to Hong Kong and Singapore, operated and managed by the Subic Bay Metropolitan Authority or SBMA. It covers the fenced area of the former U.S...
(formerly U.S. Naval Base Subic BayU.S. Naval Base Subic BayU.S. Naval Base Subic Bay was a major ship-repair, supply, and rest and recreation facility of the United States Navy located in Zambales, Philippines. It was the largest U.S...
) - Subic Bay International AirportSubic Bay International Airport-Cargo airlines:As of October 2010, there are no cargo airlines operating in Subic Bay International Airport.FedEx Express closed its hub at Subic Bay on February 6, 2009, this was the first hub to be closed in FedEx's history...
(formerly Naval Air Station Cubi PointNaval Air Station Cubi PointU.S. Naval Air Station Cubi Point was a United States Navy aerial facility located at the edge of Naval Base Subic Bay and abutting the Bataan Peninsula in the Philippines.- History :...
) - Diosdado Macapagal International AirportDiosdado Macapagal International AirportDiosdado Macapagal International Airport , also called Clark International Airport , is the main airport serving the immediate vicinity of the Clark Freeport Zone and the general area of Angeles City in the Philippines...
(formerly Clark Air BaseClark Air BaseClark Air Base is a former United States Air Force base on Luzon Island in the Philippines, located 3 miles west of Angeles City, about 40 miles northwest of Metro Manila. Clark Air Base was an American military facility from 1903 to 1991...
)